The Corpus Christi Liquefaction Project is being designed and permitted for up to three trains, with aggregate design production capacity of 13.5 mtpa of LNG.
Under the SPA, Pertamina will purchase LNG on an FOB basis for a purchase price indexed to the monthly Henry Hub price plus a fixed component.
LNG will be loaded onto Pertamina’s vessels. The SPA has a term of twenty years commencing upon the date of first commercial delivery and an extension option of up to ten years. Deliveries are expected to occur as early as 2018.
Cheniere Energy chairman and CEO Charif Souki said, "Pertamina, an Indonesian state-owned energy company, is the first foundation customer for our Corpus Christi Liquefaction Project being developed in Texas."
"Indonesia has historically been one of the largest exporters of LNG and is now in the process of converting one of their export terminals into an LNG receiving terminal," Souki added.
